Efrain

Efraín is 26 years old and lives in Guayaquil in an urban area where most of the residents own informal businesses. Efraín owns a small business selling vegetables.

He started his business three years ago selling vegetables and fish at the market. With the support and encouragement of his wife, he rented a small space from where he started selling beverages, grains, vegetables, etc. He now works every day at his store with the help of his wife.

To increase his sales, Efraín wants to buy more vegetables and beverages. In the future, he would like to buy a vehicle to better transport his produce.

Additional Information

About Banco D-MIRO

Banco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.